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Davis picks financier for NFL talks.


While Eli Broad Eli Broad (born June 6, 1933) a native of Detroit, Michigan is a Jewish American billionaire who lives in Los Angeles, California. His last name is pronounced as rhyming with road.

Broad is well known for his philanthropy and extensive art collection.
, Michael Ovitz Michael S. Ovitz (b. December 14 1946, Los Angeles, California) is a former talent agent and Hollywood powerhouse who served as the head of the Creative Artists Agency from 1975 to 1995.  and L.A. city officials have been hustling to bring a new National Football League team to the state-owned Memorial Coliseum For other similar named athletic facilities, see .

Memorial Coliseum (or Veterans Memorial Coliseum in some cases) can refer to:
  • Alexander Memorial Coliseum, Atlanta, Georgia
  • Allen County War Memorial Coliseum, Fort Wayne, Indiana
. California Gov. Gray Davis has pretty much sat on the sidelines On the sidelines

An investor who decides not to invest due to market uncertainty.


on the sidelines

Of or relating to investors who, having assessed the market, have decided to avoid committing their funds.
.

But no longer. The governor has tapped William J. Chadwick, a Los Angeles real estate investment banker Investment Banker

A person representing a financial institution that is in the business of raising capital for corporations and municipalities.

Notes:
An investment banker may not accept deposits or make commercial loans.
, to be his point man on issues related to bringing an NFL NFL
abbr.
National Football League

NFL (US) n abbr (= National Football League) → Fußball-Nationalliga
 expansion team to the Coliseum.

Chadwick said in an interview last week that his role is to assure the state gets the best deal possible if an expansion team is brought to the Coliseum.

"I'm not a politician, and I don't have an agenda," Chadwick said. "I am good on big deals. He wanted me to look at this as a big deal - that if we do anything, that it be reasonable from an investment standpoint, from an economic standpoint."

Meanwhile, Broad and Ovitz seemed to be getting closer last week to merging their respective investment groups, which have been competing to own an expansion team at the Coliseum.

"We're making progress. I don't want to go into a lot of detail every time we meet (with Ovitz's group)," Broad said, adding that both he and Ron Burkle, Ovitz's partner, have been traveling separately, so that the two sides have not met in person since earlier this month. "There are certain things going on that are positive. I don't want to get into details."

Mark Fabiani, an advisor to Ovitz, characterized exchanges between the two groups as "a telephone call, a conversation here and there, nothing more than that. It would be wrong to read anything more into it. ... We are trying to exchange ideas, but it still is a very informal process."

Nevertheless, Mayor Richard Riordan, a close friend of Broad's who has been tracking the football negotiations, said last week of the possible joining up of the two teams: "Right now I'm very optimistic. I think the pieces are starting to come together. I'm more optimistic today than I ever was."

Davis appointed Chadwick late last month to the board of the California Science Center The California Science Center (sometimes spelled California ScienCenter) is a state agency and museum located in Exposition Park, Los Angeles. Billed as the West Coast's largest hands-on science center, the California ScienCenter is a public-private partnership between the State , an unpaid position. At the same time, the governor also asked Chadwick to be his point man on the NFL negotiations, since the California Science Center is in Exposition Park, adjacent to the Coliseum.

The Coliseum is governed by the Coliseum Commission - a body comprised of city, county and state appointees and officials. The commission's lease on the Coliseum expires on Dec. 31, 2005.

Because any lease with an NFL franchise would need a term longer than that, Chadwick's role will be to represent the state's interests in any future lease negotiations, as well as other real estate-related matters.

Davis' office said the governor was not available for comment last week. Michael Bustamante, his press secretary, said Davis tapped Chadwick "because he has a tremendous amount of confidence" in his abilities.

Chadwick, who has known Davis since the late '70s (when Davis was chief of staff to former Gov. Jerry Brown), was formerly a tax attorney and partner at the law firm of Paul, Hastings, Janofsky & Walker LLP LLP - Lower Layer Protocol .

Others say that Chadwick is moving quickly in meeting with the various parties - the NFL, potential owners and members of the Coliseum Commission.

John Semcken, executive vice president of New Coliseum Partners LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, the group headed by Broad and real estate developer Edward P. Roski Edward P. Roski, Jr. (born in 1938) is a millionaire in Los Angeles, California.

He is a graduate of Loyola High School, the University of Southern California Marshall School of Business and a Vietnam veteran as a member of the Marines.
 Jr., said Chadwick has met with NFL officials in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

"He's mostly getting up to speed and trying to convince the league that the state has a great desire to do the deal," Semcken said.

Assemblyman Roderick Wright, D-Los Angeles, whose district includes the Coliseum, concurred, adding that both he and state Sen. Kevin Murray, D-Culver City, who represents the Coliseum's district in the upper house, have met with Chadwick.

"He's just getting started," Wright said. "It's just kind of learning for him who's on first seeing where the bodies are buried."
COPYRIGHT 1999 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:California Gov. Gray Davis; William J. Chadwick; National Football League
Comment:Davis picks financier for NFL talks.(California Gov. Gray Davis; William J. Chadwick; National Football League)
Author:Taub, Daniel
Publication:Los Angeles Business Journal
Geographic Code:1U9CA
Date:Jun 21, 1999
Words:659
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